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Daily Crypto Nooooooz

Started by indiamikezulu, February 28, 2017, 12:47:57 AM

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indiamikezulu

Don't imagine that I have any idea what's going on here! All opinions most welcome.

' . . . the emergence of an implementation called 'Bcoin' (built by bitcoin startup Purse) to the debate could be a notable development in the scaling saga.'

http://www.coindesk.com/big-block-bitcoin-movement-embracing-bcoin/


indiamikezulu

#47
'The only way I got my family . . . (who also work in tech) to participate was to take some of my own [own crypto], forced them to open up a cryptocurrency account with an exchange, and deposited it into them. It worked.'

https://medium.com/@mykljonzun/thanks-for-your-insight-on-the-brave-browser-and-the-upcoming-bat-ico-244086220ae0

Ahh! 'Assisted adoption'!

And: 'You can't just promise people value and wealth appreciation and expect them to come to your service. You have to pay people to join.'

Well, we haven't actually paid people to join; but 'mentoring' involves costs on our part.

jackielove4u

Quote from: indiamikezulu on April 09, 2017, 03:49:58 AM
'The only way I got my family . . . (who also work in tech) to participate was to take some of my own [own crypto], forced them to open up a cryptocurrency account with an exchange, and deposited it into them. It worked.'

https://medium.com/@mykljonzun/thanks-for-your-insight-on-the-brave-browser-and-the-upcoming-bat-ico-244086220ae0

Ahh! 'Assisted adoption'!

And: 'You can't just promise people value and wealth appreciation and expect them to come to your service. You have to pay people to join.'

Well, we haven't actually paid people to join; but 'mentoring' involves costs on our part.

that is bad practice.
Coins owned on an exchange are not your. You are teaching them bad practice.
Instead teach them how to use a spv wallet.
For example let them browse on their mobile to: http://jswallet.groestlcoin.org
Now THERE is a sexy and slick wallet!

As for adoption in family:
we play monopoly in our family with groestlcoins. We dont use the game chips anymore. Its more fun!

indiamikezulu

Quote from: jackielove4u on April 09, 2017, 10:25:24 AM
Quote from: indiamikezulu on April 09, 2017, 03:49:58 AM
'The only way I got my family . . . (who also work in tech) to participate was to take some of my own [own crypto], forced them to open up a cryptocurrency account with an exchange, and deposited it into them. It worked.'

https://medium.com/@mykljonzun/thanks-for-your-insight-on-the-brave-browser-and-the-upcoming-bat-ico-244086220ae0

Ahh! 'Assisted adoption'!

And: 'You can't just promise people value and wealth appreciation and expect them to come to your service. You have to pay people to join.'

Well, we haven't actually paid people to join; but 'mentoring' involves costs on our part.

that is bad practice.
Coins owned on an exchange are not your. You are teaching them bad practice.
Instead teach them how to use a spv wallet.
For example let them browse on their mobile to: http://jswallet.groestlcoin.org
Now THERE is a sexy and slick wallet!

As for adoption in family:
we play monopoly in our family with groestlcoins. We dont use the game chips anymore. Its more fun!

Morning, Jackie.

To my credit -- 'forced them to open up an account with a cryptocurrency exchange' -- I noticed this error also. We have either used paper wallets, or held sums of cryptos in our own 'vaults.' What I wanted to get across was the notion that crypto folks must reach out to The Outside World.

You play Monopoly with GRS?! That's a gooood idea.

indiamikezulu

'This essentially meant that when a form of competition did emerge, Bitcoin Core was blindsided and broadly unprepared.'

http://www.coindesk.com/hidden-history-bitcoin-unlimited/

Sigh: the article is v. long, but quite readable.

indiamikezulu

'Not everyone is convinced, however, with Twitter commentators suspecting SegWit is merely the latest tool for developers to use in order to gain from a temporary price pump.'

https://cointelegraph.com/news/vertcoin-surge-on-segwit-talk-leads-to-pump-and-dump-suspicions

Opinions on this? I only recently heard the term 'technical debt.' Hmmm . . .

indiamikezulu

#52
This debate -- https://www.reddit.com/r/Bitcoin/comments/2tmgsv/how_and_why_would_uber_accept_bitcoin/ -- is unusually polite and balanced.

Now have a quick look here: http://money.cnn.com/2017/04/11/technology/formula-1-3d-printing/index.html

My thought is: the sorts of folks who lead the charge into new technologies like Uber and 3-D-printed race cars and hybrid vehicles are folks who might be attracted to cryptos. It would be great if we can figure out how to 'piggyback' cryptos onto such technologies.

jackielove4u

Quote from: indiamikezulu on April 11, 2017, 02:08:15 AM
'Not everyone is convinced, however, with Twitter commentators suspecting SegWit is merely the latest tool for developers to use in order to gain from a temporary price pump.'

https://cointelegraph.com/news/vertcoin-surge-on-segwit-talk-leads-to-pump-and-dump-suspicions

Opinions on this? I only recently heard the term 'technical debt.' Hmmm . . .

1 thing is 4 sure: Segwit is the new Azure :-P

indiamikezulu

Quote from: jackielove4u on April 12, 2017, 10:49:35 AM
Quote from: indiamikezulu on April 11, 2017, 02:08:15 AM
'Not everyone is convinced, however, with Twitter commentators suspecting SegWit is merely the latest tool for developers to use in order to gain from a temporary price pump.'

https://cointelegraph.com/news/vertcoin-surge-on-segwit-talk-leads-to-pump-and-dump-suspicions

Opinions on this? I only recently heard the term 'technical debt.' Hmmm . . .

1 thing is 4 sure: Segwit is the new Azure :-P

I was amazed to learn that GRS was first with Seg Wit. Now let's see how it plays out in other cryptos!

indiamikezulu

#55
' . . . contrary to some of his statements during the campaign . . . '

http://finance.yahoo.com/news/trump-like-low-interest-rate-policy-must-honest-200153931.html

Guys, whether you live in Europe or the boonies of Western Australia, this stuff is soooooo relevant. The future of cryptos -- apart from the influence of 'in-house' factors -- will be shaped by macroeconomic events, and the raising or not raising of interest rates is pivotally important.

So, Trump said before his election that interest rates had to rise, and that he was gonna boot Yellen out. But he's now changed his mind.


Weekend Reading: http://www.telegraph.co.uk/business/2017/04/12/europe-risks-nightmare-anti-euro-bolshevik-storms-france/


jackielove4u

Quote from: indiamikezulu on April 13, 2017, 12:46:30 AM
Quote from: jackielove4u on April 12, 2017, 10:49:35 AM
Quote from: indiamikezulu on April 11, 2017, 02:08:15 AM
'Not everyone is convinced, however, with Twitter commentators suspecting SegWit is merely the latest tool for developers to use in order to gain from a temporary price pump.'

https://cointelegraph.com/news/vertcoin-surge-on-segwit-talk-leads-to-pump-and-dump-suspicions

Opinions on this? I only recently heard the term 'technical debt.' Hmmm . . .

1 thing is 4 sure: Segwit is the new Azure :-P

I was amazed to learn that GRS was first with Seg Wit. Now let's see how it plays out in other cryptos!

We are the first with SegWit because we have no chinese pools. All our pools are run in Europe i believe and we got very good contacts with our pools. No BTC politics on GRS.

indiamikezulu

Quote from: jackielove4u on April 13, 2017, 10:57:05 AM
Quote from: indiamikezulu on April 13, 2017, 12:46:30 AM
Quote from: jackielove4u on April 12, 2017, 10:49:35 AM
Quote from: indiamikezulu on April 11, 2017, 02:08:15 AM
'Not everyone is convinced, however, with Twitter commentators suspecting SegWit is merely the latest tool for developers to use in order to gain from a temporary price pump.'

https://cointelegraph.com/news/vertcoin-surge-on-segwit-talk-leads-to-pump-and-dump-suspicions

Opinions on this? I only recently heard the term 'technical debt.' Hmmm . . .

1 thing is 4 sure: Segwit is the new Azure :-P

I was amazed to learn that GRS was first with Seg Wit. Now let's see how it plays out in other cryptos!

We are the first with SegWit because we have no chinese pools. All our pools are run in Europe i believe and we got very good contacts with our pools. No BTC politics on GRS.

Morning, Jackie. Although I have nothing whatsover against Chinese folks, I have come to favour cryptos with a non-China-centric base. And it's also surely fair to say that a European-based crypto has good prospects because adoption in Europe has a long long way to go.

indiamikezulu

#58
'Simon Dixon, CEO of BnkToTheFuture.com, believes that governments are driving demand in Bitcoin whether they know it or not. He continues by exemplifying the developments in India, where the government's war on cash was an attempt to force bank adoption in India.

Dixon notes that India has less trust for banks than many other nations so some are experimenting with Bitcoin instead.'

https://cointelegraph.com/news/the-big-three-how-china-india-japan-set-pace-for-bitcoin

Yup!!

Us IndiaMikeZulu guys got some stuff right, and some stuff wrong. We were right that folks would eventually adopt cryptos; but we were wrong about the time-frame of that adoption . . . at least here in Australia, where people really do dislike banks, but are not hurting enough yet to do anything about it.

Indonesia was one that puzzled us: the banking system there is almost unbelievably corrupt. (I get to say this because I lived there for years: yeh, it's that bad!) So we tried to get some Indonesians we knew interested in cryptos in late 2013. Nope. Didn't happen -- at least at that early stage. Indonesian interest in cryptos has risen greatly since then.

indiamikezulu

' . . . finding a way to set aside their anger and mistrust long enough to keep the [U.S.] federal government open . . . . what a mess . . . '

https://www.bloomberg.com/politics/articles/2017-04-10/congress-sinks-into-partisan-morass-as-shutdown-threat-looms

This shmozzle is about raising the debt limit . . . so the U.S. can just keep borrowing money.


Meanwhile, 'Debt in China has increased dramatically in recent years, accounting for roughly one-half of all new credit created globally since 2005.'

http://wolfstreet.com/2017/02/27/credit-boom-in-china-to-financial-crisis-but-not-yet/


And The Telegraph U.K. -- usually accurate -- chooses to say, 'The increasingly broad-based nature of the upturn . . . ' rather than 'The increasingly broad-based nature of the historically-unprecedentedly-massive-amount-of-debt-driven upturn . . . '

http://www.telegraph.co.uk/business/2017/03/24/eurozone-booms-economy-shows-signs-overcoming-long-crisis/

If I were a cynic, I'd suggest that a war or two is what we might expect to pop up any time now!